The Meredith Company reported the following information: Variable Indirect Cost Rate per Fixed Indirect Cost Rate per Total Allocation Rate per Indirect Costs Direct Direct Professional Professional Variable Fixed (1) High- $50,000 $70,000 $120,000 Total Labor-Hours Labor-Hour (2) (3) (4) (5) 3,400 $14.70 Direct Professional Labor-Hour (6) $20.58 output month Low- 10,000 70,000 $80,000 900 $11.11 $77.77 output month Required: Compute the Total Allocation Rate per Direct Professional Labor-Hour. O $35.29; $88.88 O $352.90; 888.88 O $3,529.90; $8,888.88 O $3.52; $8.88 O $35,299.90; $88,888.88 Direct Professional Labor-Hour (7)